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Ruralco expecting to get back in the black

Agribusiness Ruralco's MD John Maher says the company will see a turn around in its half year result compared to last year.

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One of Australia's biggest agricultural companies is expecting a big turnaround in half-yearly profits compared to last year.

In a statement to the Australian Stock Exchange, Ruralco Holdings managing director John Maher says the net profit after tax for the period to the end of March is expected to be in the range of $4.5 million to $5 million.

Mr Maher says the expected result compares to last year's loss of a half a million dollars.

He says that, apart from the start-up costs of the live export business, most parts of the company have performed well in the six-month period.